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EURO ANALYSTS COMMENTS

Dow Jones - "EU policy makers in Paris have risen to the challenge, and stolen the limelight from the G7 in Washington."

Dow Jones - "Euro-zone countries essentially adopted a pan-European version of the U.K. bailout plan."

Dow Jones - "We must provide far-reaching help for self-help to financial institutions. The alternative not to do anything is currently no alternative."

Reuters - "Given the dimension of the current turmoil, it is not surprising that market participants view the ongoing developments with some concern. One element has to be taken into account in analysing the current situation ... either a strong response is provided to the challenges posed by the current turmoil to the single financial market within the existing institutional framework, or the framework itself has to be changed in favour of a more centralised system of supervision and crisis resolution."

Thomson Financial News - "I have asked President Sarkozy to convene an urgent meeting, heads of state of the Eurogroup, to articulate a coordinated action, a strong action and coordinated across all countries that belong to the euro zone."

Mizuho Corporate Bank - "Still hovering nervously above a new recent low at 1.3444 in what is a potential C leg of an A, B, C-type correction where C is 0.6% of A, yet attempts at rallying have been pathetic so far. The Euro is oversold and bearish momentum its strongest ever, and Eastern European currencies are hard-hit this week."

Thomson Financial News - "What is needed is a coordinated plan, they need to agree on a broad set of principles. If they can show that, then it will be a positive, but if they fail, we will see more of the turmoil."

Reuters - "The financial crisis has reached a new dimension and policymakers would have to consider new methods for tackling it. Because of that, I don't expect any spectacular results. But the meeting comes at the right point in time to be able to embark on the right course."

Dow Jones - "I urge European countries to work together. There are no domestic solutions to the problems. This is now a crisis that concerns everybody on earth."

Thomson Financial News - "Although less spectacular than the co-ordinated rate cuts yesterday, the reform of the ECB auction procedure as well as the narrowing of the 'policy rates corridor' announced later in the day could prove key to a gradual improvement in money market conditions."